Core Viewpoint - The article discusses the resilience of the A-share market amidst tariff wars, highlighting potential investment opportunities in sectors such as semiconductors, gold, and domestic consumption [3][4][6]. Market Performance - A-shares showed resilience with all three major indices rising, particularly the ChiNext Index which increased by over 1% [3]. - The total trading volume in the two markets exceeded 1.3 trillion yuan, with technology sectors like semiconductors and electronic components leading the gains [3]. Tariff Impact - China has raised tariffs on all U.S. goods from 84% to 125%, indicating a strong retaliatory stance against U.S. trade policies [3][4]. - The semiconductor sector is expected to perform strongly under the "self-sufficiency" logic due to the heightened focus on domestic production [3][6]. Gold Market - International gold prices reached a new historical high of $3,249 per ounce, with analysts predicting a potential further increase of 10% [6][9]. - The rise in gold prices is attributed to market fears stemming from U.S. tariffs and economic conditions, leading to increased demand for gold as a safe-haven asset [9]. Investment Recommendations - Analysts suggest focusing on sectors such as military industry, consumer goods, infrastructure, and domestic substitution as key areas for investment [3][6]. - Specific investment directions include: 1. Domestic consumption sectors due to declining external demand [9][10]. 2. Domestic substitution and self-sufficiency in technology and manufacturing [10]. 3. Safe-haven assets like gold and resilient dividend-paying stocks [11]. 4. Agricultural and rare earth sectors as potential beneficiaries of tariff policies [12]. Market Correlation and Future Outlook - The article notes that the stabilization of the market may depend on a decrease in global market correlations, which are currently at historically high levels [13][20]. - In the event of a market reversal, consumer and cyclical sectors are expected to perform relatively stronger [21].